CATEC(SH:600879) Shang Hai Zheng Quan Bao·2025-09-12 20:37Overview - The company is planning an asset swap and related transactions to enhance operational quality and focus on its core business in aerospace electronic information [2][4][12] Transaction Details - The controlling shareholder, China Aerospace Times Electronics Co., Ltd., has proposed to swap 67% equity of Xi'an Taiyi Electronics Co., Ltd. with 100% equity of Beijing Aerospace Xinghua Technology Co., Ltd. held by the company's subsidiary [2][4] - The transaction involves the exchange of related technological improvement assets between various subsidiaries, with cash adjustments for any differences [2][4][5] - The estimated book value of the assets involved in the transaction is approximately 800-1,000 million yuan, with the final transaction price to be determined based on net asset evaluations [2][5][12] Asset Characteristics - The assets to be acquired include the 67% equity of Xi'an Taiyi Electronics Co., Ltd., which specializes in reliability technology services for electronic components, and related technological improvement assets [8][9][12] - The assets to be disposed of include 100% equity of Beijing Aerospace Xinghua Technology Co., Ltd. and related assets from other subsidiaries, which are primarily involved in security and deep space exploration [10][11][12] Strategic Impact - The asset swap is expected to improve the quality and profitability of the company's operations by focusing on core business areas and optimizing asset structure [12] - The integration of Xi'an Taiyi Electronics Co., Ltd. is anticipated to enhance the product line in the integrated circuit industry, thereby increasing the company's profitability [12]